BHEL pays dividend on enhanced equity capital to government -Governance Now

BHEL pays dividend on enhanced equity capital to government

BHEL reports a surge in profitability up to the third quarter of FY 2017-18

GN Bureau | March 6, 2018

#BHEL #PSU

Bharat Heavy Electricals Limited has paid an interim dividend of 40 percent which amounts to Rs 293.71 crore on the enhanced equity capital for 2017-18.

With this, BHEL has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for over four decades.

A cheque of Rs 185.21 crore towards the interim dividend for the year 2017-18 on the equity (63.06 per cent) held by the union government, was presented here to minister of heavy industries & public enterprises, Anant G Geete and minister of state for heavy industries & public enterprises, Babul Supriyo.

Accelerating its growth momentum, BHEL has reported a surge in profitability up to the third quarter of FY 2017-18. Prudent strategies of faster execution and resource optimisation measures, concerted efforts for revival of stranded projects, have begun reflecting in the results. The next wave of growth will be engineered by enhancing the order book in the diversified as well as conventional areas.

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